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problem p/i




Question;Use the following estimated probit modelTo answer the following questionsA black mortgage applicant has a P/I ratio of 0.20. What is the probability that his application will be denied?Suppose the P/I ratio increases to 0.30. What effect would this have on his probability of being denied a mortgage?C) Please repeat a) and b) for a while applicant.D) Does the marginal effect of the P/I ration on the probability of mortgage denial depend on race? Explain.2. Repeat the exercise using the following Logit model


Paper#60612 | Written in 18-Jul-2015

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